Estate Global Chapter 4

An inter vivo transfer is a transfer of property includes below attributes except

What is not true about Unified Tax Credit.

What is the option which is least likely to be performed to gradually transfer the stock as a gift to family member?

When the individual dies intestate the court will appoint except

What is the least likely to be negatives of probate as process of estate planning?

These are attributes of usufruct. What is least likely to be one

Which of the following estate planning documents would allow an attorney-in-fact to arrange for in-home nursing care and hire other necessary health care personnel as required?

A is a resident Indian who owns several properties abroad. During his lifetime he wishes to create an entity that holds these properties for the benefit of his children in USA. What type of entity would be best suited for A?

A received two gifts during the financial year 2019-2020 both by cash deposits in her bank account. Her sister B gifted her INR 200000 and her friend C gifted her INR 38000. Advise A on the taxability of these gifts under the Indian Income Tax Act1961

A has created an irrevocable trust in which he is the ‘protector’. A has reserved the right as protector to remove any trustees at his will and appoint new trustees in their place. A is desirous of appointing himself as a trustee. Can he do this?